property

  1. Hanno Labuschagne

    Danger for people buying or renting property in SA

    Danger for people buying or renting property in SA Cybercriminals exploit email, online platforms, and trust between parties to intercept funds or steal information. With large sums at stake, the impact on buyers, sellers, landlords, tenants, and managing agents can be devastating. That is...
  3. P

    COJ Property Rates 2024/25: claw back of rates rebate

    Yesterday I received my CoJ statement and, under the property rates section, it shows an additional amount for rates that's never been there before. CoJ are calling it "Add Section 15 of MPRA adjustment". I had no idea what it was so I queried it with CoJ, needless to say I haven't heard back...
  4. M

    How do you gauge a fair property rental figure?

    Hello everyone, I purchased my first property this year. It is currently tenanted. I went through a lot of strife to keep the existing tenant as he is a known-good, long-term tenant. I am happy to reasonably compromise on the rental to keep such a tenant, rather than risk a tad more on a random...
  5. M

    Letting property: management agreement without placement and renewal fees?

    I am a first-time landlord, letting out a flat in Randburg. It bothered me that, even though I have a management agreement in place (i.e. they broker the agreement and collect rent monthly etc.), the agency charged me a placement fee and an annual renewal fee. Then I was looking for an agent...
  6. S

    City of CPT - Rates Clearance Certificate

    Hi There. How long does it take for the CoCT to issue a Rates Clearance Certificate after it’s been paid? The attorneys paid it 8 days ago and the status hasn’t changed so just wanted to know what’s the turn around time like
  7. S

    Pro's and Con's: buying a large plot of land in a group and then dividing it to make an estate.

    Hi. What would be the pros and cons of the following: Lets say about 100 investors buy the following plot : https://www.property24.com/for-sale/elands-bay/elands-bay/western-cape/10462/109899649 Then each investor contributes 100k towards the purchase and then shares the costs to convert...
  8. I

    Low-end Granny Flat/Bachelor Construction Costs

    Hello everyone. We're looking to generate more rental income from some of our township properties in Gauteng. The idea is to build 2 or 3 bachelor apartments/granny flats behind each house (as opposed to the typical backroom), but we're afraid of overcapitalizing. Just trying to figure out...
  9. NeonNinja

    The Most Expensive ㎡ of Prime Property in the World

  10. D

    Home Owners Association Dictating Rental Agreement

    Hi there, I have a question related to sectional title where the Home Owners Association is dictating what lease agreement to use. I have a problem with this as their lease agreement is not as comprehensive as the one I use as a standard. Here are the facts: When buying the property from the...
  11. marco79

    Cape Town Deeds Office

    Does anyone know how long a transfer of property takes currently once all paperwork has been lodged at the deeds office? I've heard horror stories of it taking 5 weeks to 3 months last year. But an attorney told me in Jan 21 a few of their transfers took 3 to 5 working days. Anyone know how...
  12. N

    What should I consider when purchasing a property to let?

    Hi all I am looking to buy an investment property to let in CT and I was wondering what are the different considerations for a prospective investor? Besides rent yield and capital appreciation, what are the other important considerations? Thank you in advance!
  13. G

    Property Investment Advice

    Hi All, Wondering if anyone out there has a take on this development on the West Coast, Western Cape? * https://paternosterestate.harcourts.co.za/ * https://www.property24.com/new-developments-for-sale/pelgrimsrust/paternoster/western-cape/paternoster-private-estate/16685/3119 Im looking at...
  14. S

    Investment: Utopia Nature Estate

    Have been looking around at property options and came across some reasonable holiday homes at Utopia Nature Estate. (to be used for holiday rentals) Looks like a very beautiful area with lots of potential, I noted the following as well: 1) The rates are the same for every property @2900pm...
  15. M

    HouseME - for landlords

    Hi all, Has anyone used this company to rent out their property? Rates look good and seem like they are based in Cape Town. I have a two-bedroom apartment in Cape Town area that I currently live in and want to rent out as I am leaving the country in mid April. I also want to leave the...
  16. B

    Buying a House: 72 Hour Clause and Competing Offer?

    I'm in the process of signing a competing offer on a house that's already under an offer, which is subject to sale. My offer would only be subject to bond (already pre-approved). The tricky part is: in order for the seller to give the first buyer 72h notice, i'd have to register a bond and pay...
  17. D

    Investment questions for first-time property investor

    Hi everyone, I'm in my late twenties living in Cape Town and would like to buy a property as a first-time investor. I don't own any other properties nor do I have any debt and am looking at something under R1 million (I can comfortably afford the monthly bond incase i don't have tenants). I...
  18. S

    Quick question: Rental Income Tax

    Hi guys I am a total newbie to tax stuff. I hope you can help me. Just quick questions. I bought a flat property on November 2017. Rent out R 8000 per month started on December 2017. FYI, I have a job. I earn extra income as rental. Rental Income: R 8000.00 Levy: (R 1644.90)...
  19. H

    First time home owner - how do you get the electricity bill in your name? (CT)

    Morning, As the title says. We took ownership in July, rates bill is already registered to us, but the elec account is still under the seller's name so I can't get it online or emailed to me via COCT site. I can't find anything clear online about how to change this. Does anyone know if we...
  20. B

    Can I cancel a property sale in light of new negative information?

    Hi Everyone, I am new to MyBB, but am hoping someone can assist. A few weeks ago I purchased a property as an investment. It is a flat in a new complex which I plan on renting out. So far, I have signed the offer to purchase, received bond approval, and the lawyers have contacted me to...
  21. S

    Is This Rental Agent Unethical, Illegal or Partially Fair?

    Hello everyone! So this is a very tricky rentals situation I'm in and I'm hoping someone with deep insight can give me an answer or advise on what I can do in this situation. In September 2016 I found an apartment to rent on Facebook. I contacted the agent and they said that I can apply to...
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